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2-Unit Duplex Under Construction
For Sale
Contact for pricing
Pending

233 N Randolph St, Indianapolis, IN 46201

Framing is complete, with much of the upper unit’s drywall installed.

Property SizeContact for details
Days on Market143

Property Features for 233 N Randolph St

General Information

Standard status Pending
Property subtype Multifamily

Property Condition

Severity Repairs Needed
Evidence wants to finish

Units

Unit Mix 1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units 2

Building Details

Buildings 1
Listing Agency: No Limit Real Estate, Llc
Listed By: Charlene Gaard · License #IN RB14033327
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 9:05PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of No Limit Real Estate, Llc

Investment Insights

Based on property information with market context.

This two-unit duplex is partially built, with completed framing and substantial drywall installation in the upper residence. The second-floor unit is configured with two bedrooms and one bathroom, while the main-level unit includes three bedrooms and one bathroom.

Located at 233 N Randolph St in Indianapolis, the property offers a defined duplex layout for completion. Existing construction work provides a documented starting point for finishing both residential units.

Key Highlights

  • Two‑unit duplex with completed framing
  • Upper unit includes 2 bedrooms and 1 bathroom
  • Main‑level unit includes 3 bedrooms and 1 bathroom

Property Analytics

Current Use

Dr. Jensen M. ... Physician

Suggested Use

Top Pick Spa & Massage Center (Bike/Boat/Book/etc) Store Barber Shop Nail Salon Accounting Firm Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

736
Businesses Nearby

Demographics for 46201, IN

31,408
Population
17,145
Households
1.8
Avg Household Size
34
Median Age
26%
College-Educated
78%
High-School Grad
5.6 sq mi
ZIP Area
5,609
Density / Sq Mi
$43,183
Median Household Income
$36,951
Median Earnings
$929
Median Rent
$150,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Framing is complete, with much of the upper unit’s drywall installed.
Where is this duplex located?
The property is located at 233 N Randolph St Indianapolis, IN.
What are key features of this property?
This property features: Two‑unit duplex with completed framing; Upper unit includes 2 bedrooms and 1 bathroom; Main‑level unit includes 3 bedrooms and 1 bathroom
(317) 440-2149 Call to check price and availability
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